I would write down principal, I'd ask if that included taxes, "does that include insurance", do you have an HOA, is there a second loan on the house, a HELOC or any unpaid child support liens, and then I would say, very casually "about how much will it take to bring the house current?

When prospective tenants suggest this arrangement, I tell them that the one who is not financially responsible will be more or less like a child on the lease.

I've done a bit of research and from what I understand this is allowed because I am his child.

Many tenants who attempt to take their slumlords to court because rats were sharing the crib with their child or the slumlord decided not to heat the building in January, are faced with eviction proceedings.

On the one side the tenant and her husband and child have lived there for 3 years and are currently on a month to month lease.

A "child" LLC is cheaper to establish than a new "parent".Ask for legal and financial professionals for their input.Starting out, you just want to protect your personal possessions of the inherent risks of the business.

., the child tax credit), but not this year.

Investors are not consumers.Are you saying child is buying a piece of residential property as an investment, with seller holding the financing, but instead of strangers as tenants, the parents will be the tenants?

The utilities bills have been around 30% higher than they were for the prior tenants (which was a couple with a child), but I'm even more concerned about all the additional wear and tear he's putting on the machines.

well, this is an old thread but I got a tattooed prospective tenant today looking at the property.She was covered with tattoos, has a small child, came with mom who will be paying for her.The place is too big for her and her child, so not a match.I also like responsible people.If you got tattooed and like to project the "fierce" attitude but your mom has to pay for you then you need to look elsewhere.